Attorney General Anthony G. Brown announced today that his Consumer Protection Division has obtained a Final Order against Korey Homes Building Group, LLC and Kenneth W. Smith and Korey Wayne Smith, a father and son who jointly owned the company until the father, Kenneth W. Smith, left the company. The Final Order found that they violated the Consumer Protection Act when they improperly took money from consumers for home building services Korey Homes Building Group failed to provide and misappropriated consumer money through a Ponzi-like scheme.
“Home builders have a responsibility to protect the money Marylanders trust them with – not run a Ponzi scheme that leaves people without homes or their life savings,” said Attorney General Brown. “This costly outcome sends a clear message: if you cheat Maryland homebuyers out of what is likely the biggest purchase of their lives, my Office will hold you accountable and fight to get their money back.”